Bath & Body Works Inc Stock Price, News & Analysis

Bath & Body Works (BBWI) announced its third quarter 2022 results, reporting net sales of $1.60 billion, down 5% year-over-year but up 46% since Q3 2019. EPS for the quarter was $0.40, exceeding guidance of $0.10 to $0.20. Operating income fell to $201.8 million, and net income decreased to $91.0 million compared to $177.1 million last year. The company raised its fiscal 2022 EPS forecast to between $3.00 and $3.20. Looking forward, BBWI aims to enhance customer engagement through new offerings, as it prepares for the leadership transition to Gina Boswell as CEO in December.

Bath & Body Works (NYSE: BBWI) has declared a regular quarterly dividend of $0.20 per share, payable on December 2, 2022, to shareholders of record by the close of business on November 18, 2022. This decision reflects the company’s ongoing commitment to return value to its shareholders. Bath & Body Works continues to lead the personal care and home fragrance market with over 1,770 locations in the U.S. and Canada, alongside more than 360 international franchises.

Bath & Body Works (NYSE: BBWI) will announce its third quarter 2022 earnings on Nov. 16, 2022, after market close. A live conference call featuring company executives will take place on Nov. 17, 2022, at 9:00 a.m. ET. Investors can join the call via the company's website or by phone. With over 1,770 stores in the U.S. and Canada, Bath & Body Works is a leader in personal care and home fragrance, known for its top-selling fine fragrance mist and candles.

Bath & Body Works announces the appointment of Gina Boswell as CEO effective December 1, 2022. She succeeds Sarah E. Nash, who served as interim CEO since May 2022. Boswell brings over 30 years of experience in the beauty and personal care industry, having held senior roles at Unilever and Estee Lauder. The Board expresses confidence in Boswell's ability to drive growth and enhance shareholder value, leveraging her extensive skills in sales, marketing, and operational management. This leadership transition aims to strengthen the company's omni-channel strategy.

Bath & Body Works launches its holiday campaign, "Make Joy Happen," featuring over 400 limited-edition products and gifts starting at $5. The Christmas collection includes iconic fragrances like Fresh Balsam and new exclusive scents such as Dream Bright and After Dark. The campaign emphasizes easy gifting options with gift sets priced from $10 to $60 and innovative wellness collections like Aroma. Customers can enjoy weekly sales events and convenient shopping options, including Buy Online Pick Up In Store and same-day delivery via Instacart.

Bath & Body Works has launched a new product line, MOXY, which is available online and in select stores starting this fall. The collection includes face and hair care products free from phthalates and mineral oils, as well as supplements aimed at supporting overall wellness, including relaxation and immunity. This initiative is part of Bath & Body Works' commitment to innovation and customer satisfaction. The company aims to expand its product range and enhance brand potential through new business opportunities.

Bath & Body Works (NYSE: BBWI) announced that Wendy Arlin, executive vice president and CFO, will participate in the Goldman Sachs 29th Annual Global Retailing Conference on Sept. 8, 2022. The fireside chat is scheduled for 11:15 a.m. Eastern. A live audio webcast will be available, accessible through the company’s investor section. The replay will be available for 90 days following the event. Bath & Body Works is known for its leadership in personal care and home fragrance, with over 1,770 locations in the U.S. and Canada.

Bath & Body Works has launched its loyalty program, My Bath & Body Works Rewards, available nationwide. Customers can enroll via the app, in stores, or online, earning points on every purchase ($1 = 10 points). With a $100 spend, members can redeem a free product valued up to $16.50. The program features exclusive perks, like early access to events and a free birthday gift. Recognized as a top loyalty program by the 2022 Loyalty Report, it aims to deepen customer engagement, reflecting insights from an extensive consumer base of over 60 million.

Bath & Body Works (NYSE: BBWI) reported second quarter 2022 results showing net sales of $1.618 billion, a 5% decrease from the previous year but a 45% increase compared to Q2 2019. Earnings per diluted share fell to $0.52 from $0.77 year-over-year, with net income dropping to $120 million. The company aims to improve financial performance through cost-control initiatives and a simplified organizational structure, expecting to save approximately $30 million in H2 2022. For Q3 2022, projected earnings are between $0.10 and $0.20 per diluted share, and $2.70 to $3.00 for the fiscal year.